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Banker & Tradesman

Northcore-Share Consolidation 20:1, Private Placement Price Reservation and Bonus Shares Payable on 1 Year Loan - Yahoo Finance

Noninterest expenses increased $361,000, or 5.9 percent, to $6.5 million, largely due to an increase in salaries and employees benefits. At June 30, total assets stood at $1.2 billion, an increase of $167.2 million or 15.9 percent from $1.1 billion at year-end 2013. The company experienced net loan growth of $148.3 million, or 17.7 percent, from Dec. 31. Commercial real estate loans, residential mortgage loans, home equity loans, and indirect auto loans increased by $38.7 million, $61.2 million, $18.4 million and $16.4 million, respectively. The asset growth was funded by customer deposits and borrowings from the Federal Home Loan Bank. Deposits totaled $891.9 million, an increase of $127.1 million or 16.6 percent from $764.8 million at year-end 2013. Q2 was another good quarter for deposit growth, Executive Vice President and Chief Operating Officer Hal R. Tovin said in a statement.
Puedes ver la version sin traducir en http://www.bankerandtradesman.com/news160519.html

Grieving parents get hit with $200,000 in student loans - Jul. 28, 2014

mason family Please enter a valid phone number. Please enter your Phone Number. Send Thanks! A link has been sent. Done U.S. lawmakers warn against Mexico sugar import restrictions 1 hour ago Content preferences Done NEW YORK (Reuters) - A bipartisan group of U.S. lawmakers warned on Tuesday that restricting Mexican sugar imports would inflate food prices and threaten U.S. food manufacturers, the latest sign that pressure is growing on Washington to avoid trade barriers. In a letter seen by Reuters, 17 U.S. senators - including Arizona Republican John McCain and California Democrat Diane Feinstein - on Tuesday urged the Commerce Department against striking a deal, known as a suspension agreement, that would impose quotas on Mexican sugar imports. "Such a suspension agreement will violate our nation's commitment to free and open trade with Mexico, threaten the viability of American food manufacturers and raise food prices for American families," the lawmakers' letter said.
Puedes ver la version sin traducir en http://news.yahoo.com/u-lawmakers-warn-against-mexico-sugar-import-restrictions-180712123.html

"Lowering our debt service while being able to upgrade the property made securing this financing incredibly gratifying," he added. "Greystone's multifamily lending expertise enables us to satisfy borrowers' needs in any geographic market, and we thrive on exceeding expectations from origination to closing," said Joe Mosley, Executive Vice President and Head of Agency Production at Greystone. Greystone provides mortgage finance solutions across multiple platforms, including FHA, Fannie Mae, Freddie Mac, USDA, CMBS, bridge, mezzanine and other proprietary loan programs. In 2013, Greystone ranked #1 in combined multifamily and healthcare FHA lending, #3 in Affordable Housing volume as a Fannie Mae DUS lender, and as a top-5 Freddie Mac lender for seniors housing. About Greystone Greystone is a financial services and private investment group whose original core business is multifamily real estate lending. Over the years, Greystone has added business lines that are related to, and natural extensions of, its core business including acquisition, development, and management of multifamily housing properties across the country. Headquartered in New York with offices across the U.S., Greystone is active in three major business segments: Mortgage Finance, Healthcare and Real Estate. Greystone's mission is to apply unparalleled creativity while modeling corporate compassion. Loans are offered through Greystone Servicing Corporation, Inc., Greystone Funding Corporation and/or other Greystone affiliates.
Puedes ver la version sin traducir en http://finance.yahoo.com/news/greystone-refinances-452-unit-michigan-130100567.html

Fed is weighing key issues but may reveal little - Yahoo News

"Student loans should really be the one type of debt they do discharge because it's done to further an education and career. But somehow getting [my daughter] an education has encumbered me for the rest of my life." Related: Colleges with the best bang for your buck Similar financial nightmares are haunting other grieving families. Angela Smith, a mother from Chesapeake, Va., filed a petition on Change.org several years ago asking private loan provider First Marblehead Corp. to forgive the $40,000 in student loans that her husband had co-signed for their son Donte, who was shot to death in 2008. "Shortly after Donte died, that's when the collection calls started. It was like a punch in the gut -- we didn't know what hit us," Smith wrote in the petition. "All of a sudden we not only had to deal with the police and attorneys investigating his murder, but we also had to deal with collectors constantly calling and reminding us of our son's death in the worst way." The petition received more than 150,000 signatures from sympathizers but no action from the lenders. First Marblehead didn't respond to a request for comment, and Smith says the loan was recently sold to another company. Related: Hungry, tired and stressed out At least four other petitions from families in this situation have been started on Change.org.
Puedes ver la version sin traducir en http://money.cnn.com/2014/07/28/pf/parents-student-loans/index.html?section=money_news_international

U.S. lawmakers warn against Mexico sugar import restrictions - Yahoo News

The Corporation will issue a future News Release announcing the effective date of the Consolidation and the CUSIP number of the post-consolidated common shares as soon as the regulatory approvals are obtained. Private placement The Corporation will also file with the TSX-Venture a Price Reservation allowing it to complete a private placement of up to 5,000,000 Units at five cents ($0.05) per Unit for gross proceeds of $250,000. This Placement will be done on a post-consolidation basis. This Placement will be a non-brokered placement made with Accredited Investors and other qualified purchasers. A seven and one-half percent (7.5%) cash commission will be paid and a seven and one half percent (7.5%) Broker Warrants commission will be paid to qualified recipients. The Broker Warrant will give the holder the right to acquire Post-Consolidation Common shares at a price of ten cents ($0.10) per share for a period of twelve (12) months following the Closing of the Private Placement. The Use of Proceeds of the Placement will be for Corporate Cash Flow purposes. Other news The Corporation has recently entered into a one (1) year loan agreement with an arm's length entity for loan proceeds of $20,000. Under the terms of this loan, the interest rate will be 12% per annum, calculated and payable monthly.
Puedes ver la version sin traducir en http://finance.yahoo.com/news/northcore-share-consolidation-20-1-181535066.html

Greystone Refinances 452-Unit Michigan Multifamily Property for $24.2 Million - Yahoo Finance

And when will the Fed start paring its enormous $4 trillion-plus investment portfolio a step that will put upward pressure on interest rates? On those questions, expect no definitive signals Wednesday, when the Fed issues a statement after a two-day policy meeting. In many ways, the improving U.S. economy no longer needs so much help from the central bank: Hiring is solid, and unemployment is on the cusp of a nearly normal 6 percent rate. Manufacturing is strengthening. Consumers are voicing renewed confidence. Yet in other ways the economy the Fed will assess this week is less than fully healthy. The housing rebound appears to be faltering. Workers' pay remains flat. Turmoil overseas poses a potential threat. And even the sinking unemployment rate isn't as encouraging as it seems: It's dropped in part because many people have given up on their job searches or retired early.
Puedes ver la version sin traducir en http://news.yahoo.com/fed-weighing-key-issues-may-reveal-little-161246601--finance.html

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